The goods include bikes, ride-on toys, swing sets, trampolines, pools, water slides and basketball systems. The idea being you can have outdoor and back yard items paid off and installed come summer.
Layaway has proven popular with shoppers and retailers were aggressively rolling out and promoting new programs over the past holiday season. Sears, Kmart and Toys R Us all expanded their layaway programs and now, Toys R Us is promoting layaway as a means to acquire bigger ticket seasonal items.
There are rules, so pay attention to the fine print.
- Orders require a 20% deposit.
- There's a $10 service charge per item.
- Shoppers have 90 days to pay for the item and half the purchase price is due 45 days after the initial purchase date.
- A fee applies to canceled layaway orders.
Also, Ohio and Rhode Island have different polices for canceled orders and layaway isn't available in Maryland.